Ifoa Practice Test & Exam Prep

Income protection (IP) insurance benefit is most commonly defined relative to which measure?

The full pre-disability gross salary with no cap A flat lump sum payable on any sickness absence A proportion of pre-disability earnings, allowing for other income, subject to a maximum The insurer's reserve per policy

Correct Answer:

A proportion of pre-disability earnings, allowing for other income, subject to a maximum

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